I have noticed that many people are hesitant to consider bankruptcy as a viable option because they mistakenly believe that they would have to provide very personal details about themselves and their relationships and personal and financial choices, and mistakenly believe that they would have to give reasons for filing ...

The judiciary periodically adjusts court fees for filing new bankruptcy cases. As operational costs increase and courts’ budget becomes tighter, it’s no wonder that the adjustments have been increases in the filing fees charged by the courts. ~~~~~~~~~~~~~~~~~~~~~~~~~ Current Chapter 7 court’s filing fee = $306 For cases filed on …

If you file a bankruptcy petition, you will normally be required to attend one court meeting, called 341 Meeting of Creditors. This meeting is a very important step to getting your debts discharged. 341 Meeting is brief and fairly informal, and usually boils down to answering some standard straightforward questions posed by …

Maybe. The bankruptcy trustee‘s job is to make sure that he examines your financial situation carefully to see if your creditors should be paid – and if yes, how much. The trustee will prepare a report with his recommendations and give it to the judge. In most cases, the judge …

Usually, no. In most cases, the only court meeting you have to attend is the Meeting of Creditors, which is conducted by the bankruptcy trustee. The judge is not present, and the meeting is normally held in a conference room in a federal building, not a courtroom. Your bankruptcy attorney …

The short answer is “yes.” Many bankruptcy cases are closed without discharge. Here are the common reasons: – not all of required paperwork was submitted to the court or the trustee – paperwork was submitted, but was not prepared correctly – paperwork was submitted untimely, past the applicable deadlines – …

No. It is true that bankruptcy law is a federal law, and is applicable everywhere throughout the country. Bankruptcy petitions are filed in federal courts. However, even a federal court has to have jurisdiction to accept your case. Most commonly, your case would be filed in the district and division …

In your bankruptcy petition, you would describe all of your actual or potential debts, but you don’t have necessarily need to have a specific dollar amount for each creditor or creditor’s agent. You may list some parties for notice purposes only, and instead of the amount, say that it’s a …